Lesson 1 Course Introduction Student Resources Resource Description Student Resource 1.1 Anticipation Guide: Financial Planning Student Resource 1.2 Example: Alphabetical Taxonomy Student Resource 1.3 Taxonomy: Financial Planning Terms
Student Resource 1.1 Anticipation Guide: Financial Planning Student Name: Date: Welcome to the AOF Financial Planning course! Over the next few months, you ll learn a great deal about the job of a financial planner. Perhaps even more important, you ll learn and practice real-life financial literacy skills that you can use today, such as goal setting, budgeting, saving and investing your money, protecting yourself against risk, and making sure you pay only your fair share of taxes. This is a hands-on course. That means you ll not only learn facts and concepts, but also have lots of opportunities to practice what you learn, including creating your own financial plan. You ll also get to meet and interview a number of professionals in the field. They will give you a great chance to find out if financial planning or related professions such as wealth manager, investment advisor, banker, and insurance agent are careers you d be interested in pursuing. Directions: For each of the statements below, underline I agree if you think the statement is accurate and I disagree if you disagree with it. Write one reason to explain your guess. It s better to save a little bit every month than to save one big lump sum each year. The guidelines for preparing a personal budget are the same as those for developing the budget for a big corporation. It takes money in any savings account about eight years to double in value.
Stocks are a better long-term investment than bonds. Financial planning is only for people who have a lot of money. People should figure out a good investment strategy when they re young, and then stick with it forever. Borrowing money should be a last resort it s better to pay in advance.
Student Resource 1.2 Example: Alphabetical Taxonomy Directions: A taxonomy is a list of related words grouped into categories. You will develop taxonomies in this course to build vocabulary and to see the relationships among important words. Your taxonomies will also be helpful tools for the writing and reading assignments you receive. Below is a taxonomy for the topic of colors, in which the words have been categorized alphabetically. Can you think of any others? Go ahead and add them to the correct category A B C aquamarine, amber, azure black, brown, beige, bronze, burgundy cobalt, chartreuse, cream, crimson D E F G ecru, emerald fuchsia gold, gray H I J indigo, ivory jade K L M N O P lavender, lilac magenta, mauve navy blue ochre, olive pink, periwinkle Q R S T U V W red, rust scarlet, silver teal, tan, terra-cotta ultramarine violet, vermilion white X Y yellow Z
Student Resource 1.3 Taxonomy: Financial Planning Terms Student Name: Date: Directions: Think of all the terms related to the topic you re working on. Write them on this list, according to the first letter of each term. A B C D E F G H I J K L M N O P Q R S T U V W X Y Z